Internet DealBook

Annual Global M&A and

Investment Activity Review
1 January 31 December 2012

Internet DealBook is published by Online Agility, a Right Click Capital company

Global Overview
1 January - 31 December 2012

Over $80bn of investments and acquisitions

4150 deals tracked from public sources
All amounts are USD
2011 gures have been updated since the 2012 Annual

Internet DealBook

Global Geographic Overview

Billions

Deal value by region ($bn)

$80
ADV
2011 - $43m
2012 - $27m

$70
$60
$50
$40

ADV
2011 - $115m
2012 - $33m

$30
$20
$10
$0

ADV
2011 - $110m
2012 - $67m

ADV
2011 - $6m
2012 - $39m

ADV
2011 - $38m
2012 - $23m

Rest of World
$0.11 $0.27

South America
$0.02 $0.63

Middle East
$1.10 $1.16

ADV
2011 - $48m
2012 - $46m

$5.81

$9.12

Europe
$24.24 $11.83

North America
$51.90 $57.50

ADV = Average deal value

2011

2012

Internet DealBook

Global Geographic Overview

Deal number by region

North America 2997

Europe 597
Asia/Pacic 424
Middle East 78
South America 38
Rest of World 16

Internet DealBook

Top 10 Countries

Billions

Countries by deal value ($bn)

ADV
$51m

$60
$50
$40
$30
$20
$10

ADV
$149m

ADV
$41m

ADV
$96m

ADV
$121m

ADV
$45m

ADV
$39m

ADV
$69m

ADV
$333m

Hong Kong
$0.89

Israel
$1.05

Netherlands
$1.06

New Zeland
$1.21

Germany
$1.47

Canada
$1.88

China
$2.75

Japan
$2.84

ADV
$129m

$0
UK
$7.50

US
$55.59

ADV = Average deal value

Internet DealBook

Top 10 Countries
Countries by deal number

US 2,902

Australia 85

UK 214

China 81

India 117

France 61

Canada 93

Israel 56

Germany 88

Spain 37

Internet DealBook

Global Overview - Investments

Billions

Investment value by region ($bn)

$25

ADV
2011 $16m
2012 $10m

$20

$15

$10

$5

ADV
2011 - $0m
2012 - $14m

ADV
2011 - $19m
2012 - $14m

ADV
2011 - $7m
2012 - $9m

Rest of World
$0.00
$0.03

South America
$0.02 $0.19

Middle East
$0.18 $0.38

ADV
2011 - $13m
2012 - $ 9m

ADV
2011 - $43m
2012 - $19m

$0
Europe
$2.11 $3.02

Asia/Pacific
$4.13 $3.14

North America
$17.05 $20.31

ADV = Average deal value

2011

2012

Internet DealBook

Global Overview - Investments

Number of investments by region

North America 2,289

Europe 444
Asia/Pacic 265
Middle East 57
South America 25
Rest of World 10

Internet DealBook

Global Overview - Acquisitions

Billions

Acquisition value by region ($bn)

ADV
2011 $254m
2012 $282m

$40
$35
$30
ADV
2011 $527m
2012 $294m

$25
$20
$15
ADV
2011 $70m
2012 $200m

$10
$5
$0

ADV
2011 $110m
2012 $120m
Rest of World
$0.11
$0.24

ADV
2011 $2m
2012 $148m

ADV
2011 $228m
2012 $97m

South America
$0.01 $0.44

Middle East
$0.91 $0.77

Asia/Pacific
$1.67 $5.99

Europe
$22.12 $8.80

North America
$34.85 $37.19

ADV = Average deal value

2011

2012

Internet DealBook

Global Overview - Acquisitions

Number of acquisitions by region

North America 708

Asia/Pacic 159
Europe 153
Middle East 21
South America 13
Rest of World 6

Internet DealBook

Sector Overview
Billions

Sectors by deal value ($bn)

$50

ADV
2011 $69m
2012 $22m

$45
$40
$35

ADV
2011 $181m
2012 $117m

$30
$25
$20
$15
$10
$5
$-

ADV
2011 $33m
2012 $13m

ADV
2011 $53m
2012 $32m

Transactions
$3.17 $2.24

Games
$3.46 $3.33

ADV
2011 $16m
2012 $10m

Mobile & Apps

$2.91 $3.64

ADV
2011 $38m
2012 $22m

ADV
2011 $40m
2012 $27m

ADV
2011 $41m
2012 $29m

Marketing
$8.40 $4.74

Ecommerce
$6.30 $6.26

Media
$7.20 $7.38

Software & Services

$43.56 $26.29

Hardware & Infrastructure

$8.14 $26.64

ADV = Average deal value

2011

2012

Internet DealBook

Sector Overview
Sectors by deal number

Software & Services 1709

Mobile Apps 517
Media 424
Marketing 406
Hardware & Infrastructure 337
Ecommerce 330
Transactions 247
Games 180

Internet DealBook

Sector Overview - Investments

Billions

Sectors by deal value ($bn)

ADV
2011 $12m
2012 $10m

$12

$10

$8

$6

ADV
2011 $30m
2012 $10m

$4

$2

$0

ADV
2011 $21m
2012 $7m

Games
$1.10 $0.63

ADV
2011 $10m
2012 $7m

Marketing
$1.90 $1.41

ADV
2011 $32m
2012 $12m

Transactions
$2.59 $2.09

ADV
2011 $8m
2012 $7m

Media
$4.52 $2.37

Mobile & Apps

$1.44 $2.51

ADV
2011 $30m
2012 $19m

Hardware & Infrastructure

$0.87 $3.21

ADV
2011 $31m
2012 $17m

Ecommerce
$4.46 $3.70

Software & Services

$6.63 $11.15

ADV = Average deal value

2011

2012

Internet DealBook

Sector Overview - Investments

Sectors by deal number

Software & Services 1330

Mobile & Apps 429
Media 305
Ecommerce 269
Marketing 239
Hardware & Infrastructure 189
Transactions 202
Games 127

Internet DealBook

Sector Overview - Acquisitions

Billions

Sectors by deal value ($bn)

ADV
2011 $429m
2012 $252m

$40
$35
$30

ADV
2011 $454m
2012 $418m

$25
$20
$15
$10
$5
$0

ADV
2011 $44m
2012 $24m

ADV
2011 $105m
2012 $102m

Transactions

Mobile & Apps

$0.57

$1.47

$0.15

$1.13

ADV
2011 $168m
2012 $233m
Ecommerce
$1.84

$2.56

ADV
2011 $182m
2012 $180m

Games
$2.37

ADV
2011 $211m
2012 $145m

Marketing

$2.70

$6.54

$3.33

ADV
2011 $100m
2012 $218m

Media
$2.69

$5.00

Software & Services Hardware & Infrastructure

$36.93 $15.14

$7.27

$23.43

ADV = Average deal value

2011

2012

Internet DealBook

Sector Overview - Acquisitions

Sectors by deal number

Software & Services 379

Marketing 167
Hardware & Infrastructure 148
Media 119
Mobile & Apps 88
Ecommerce 61
Games 53
Transactions 45

Internet DealBook

IDB Population Index

Total deal value/population
300

250

200

150

100

50

0
Australia
23

Switzerland
46

Canada
55

Netherlands
63

Iceland
64

UK
119

Hong Kong
125

Israel
139

US
177

New Zealand
280

* Barbados was omitted due to outlying data

Country population statistics from Internet World Stats

Internet DealBook

IDB Internet User Index

Total deal value/Internet user population
350
300
250
200
150
100
50
0

Japan
28

Switzerland
56

Iceland
66

Canada
66

Netherlands
68

UK
142

Hong Kong
168

Israel
198

US
227

New Zealand
318

* Barbados was omitted due to outlying data

Country Internet population statistics from Internet World Stats

Internet DealBook

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Disclaimer
The information contained herein is of a general nature and comes from
independent sources. It is not intended to address the circumstances of
any particular individual or entity. Although we endeavour to provide
accurate and timely information, there can be no guarantee that such
information is accurate as of the date it is received or that it will continue
to be accurate in the future. No one should act on such information
without appropriate professional advice after a thorough examination of
the particular situation. Accordingly Internet DealBook and all its related
entities hereby excludes any liability to any person in consequence of his
purported reliance upon information contained herein or omitted here
from (whether express or implied) or otherwise furnished in connection
herewith. Any requests for information in connection with this document
should be addressed directly to Internet DealBook and to no other party.
Informational Sources
All information contained in this presentation was sourced using Internet
DealBooks database of 4150 deals for 2012. All additional information
used to create the IDB indices, was sourced from InternetWorldStats.com
on 2 February 2013. Internet DealBook collects and compiles all their
data from publicly available sources. Average deal values are calculated
using only deals where the value has been disclosed. Visit Internet
Dealbook for more information on the methodology used for tracking
and collating deals.

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Internet DealBook is published by Online Agility, a Right Click Capital company